Press coverage about Hibbett Sports (NASDAQ:HIBB) has been trending somewhat positive on Friday, Accern Sentiment reports. Accern scores the sentiment of news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Hibbett Sports earned a daily sentiment score of 0.14 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 45.5106771127086 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Several equities research analysts recently issued reports on HIBB shares. Sidoti raised Hibbett Sports from a “neutral” rating to a “buy” rating in a research note on Friday, July 14th. Buckingham Research started coverage on Hibbett Sports in a research note on Monday, July 17th. They issued a “neutral” rating and a $19.00 price objective for the company. BidaskClub raised Hibbett Sports from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 19th. Zacks Investment Research raised Hibbett Sports from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a research note on Monday, July 24th. Finally, Credit Suisse Group reissued an “underperform” rating and issued a $14.00 price objective (down from $24.00) on shares of Hibbett Sports in a research note on Tuesday, July 25th. Five equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $21.06.
Shares of Hibbett Sports (NASDAQ HIBB) traded down 4.63% on Friday, hitting $13.40. The stock had a trading volume of 618,007 shares. The firm’s 50 day moving average is $13.60 and its 200-day moving average is $18.63. The stock has a market capitalization of $275.22 million, a PE ratio of 6.55 and a beta of 0.78. Hibbett Sports has a one year low of $9.40 and a one year high of $45.85.
Hibbett Sports (NASDAQ:HIBB) last released its quarterly earnings data on Friday, August 18th. The company reported ($0.15) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.05. The business had revenue of $188.00 million during the quarter, compared to analyst estimates of $190.31 million. Hibbett Sports had a net margin of 4.68% and a return on equity of 13.38%. Hibbett Sports’s revenue was down 9.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.29 EPS. Equities research analysts expect that Hibbett Sports will post $1.30 earnings per share for the current fiscal year.
In related news, CEO Jeffry O. Rosenthal bought 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, August 30th. The stock was bought at an average cost of $11.95 per share, for a total transaction of $29,875.00. Following the completion of the transaction, the chief executive officer now owns 82,703 shares of the company’s stock, valued at $988,300.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Ralph T. Parks bought 10,000 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The stock was bought at an average price of $12.59 per share, with a total value of $125,900.00. Following the completion of the transaction, the director now directly owns 22,802 shares of the company’s stock, valued at approximately $287,077.18. The disclosure for this purchase can be found here. Insiders have bought a total of 25,500 shares of company stock valued at $312,595 over the last 90 days. Company insiders own 1.60% of the company’s stock.
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Hibbett Sports Company Profile
Hibbett Sports, Inc operates athletic specialty stores in small and mid-sized markets in the South, Southwest, Mid-Atlantic and the Midwest regions of the United States. As of January 28, 2017, the Company had operated 1,078 stores consisting of 1,059 Hibbett Sports stores and 19 smaller-format Sports Additions athletic shoe stores in 35 states.
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